As of writing, there are no China-funded projects in the incoming infrastructure projects of the Department of Transportation.
MANILA — One of the most ambitious Philippine railway projects, the 100-kilometer Mindanao Railway Phase 1, is dead in its tracks, based on a letter of the Department of Finance addressed to the Chinese Embassy seen by ABS-CBN News.
While Transportation Secretary Jaime Bautista did not confirm the conversation, he observed that China's interest in funding infrastructure projects in the Philippines has waned.The P83-billion Mindanao Rail Project Phase 1, which was supposed to receive backing from China, was originally set for construction in January 2019.
After a long wait, the DOTr has considered the China funding for the Mindanao Railway Phase 1 project "withdrawn.""Yung Mindanao Railway, it is an approved project so we will continue the project. Again, reviewing the plans. We need to get a funder for this Mindanao Railway project. Maybe you know that the past administration was talking to China for the funding of this project, unfortunately, the loan was not finalized," Bautista said.
"We tried to work with the Chinese and we gave them, I think, end of the month to confirm if they will be able to support these projects that the previous governments started - that's for the Mindanao Railway and for South Long Haul and the Subic Clark Railway," Bautista said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China tells Philippines: Stop creating tension in South China SeaMinistry Spokesperson Mao Ning's comments came after China and the Philippines traded accusations over a collision in disputed waters of the South China Sea, and after Manila asked Beijing to stop provocations.
Read more »
China tells Philippines: Stop creating tension in South China SeaMinistry Spokesperson Mao Ning's comments came after China and the Philippines traded accusations over a collision in disputed waters of the South China Sea, and after Manila asked Beijing to stop provocations.
Read more »
Publiko binalaan sa scam gamit ang e-walletNagbabala ang Department of Information and Communications Technology sa mga scam gamit ang e-wallet account.
Read more »
LTO to retain Stradcom IT systemThe Land Transportation Office will continue using its old Stradcom information technology system instead of the new Land Transportation Management System, saying the LTMS has “persistent performance issues and unresolved service requests.”
Read more »
House panel cites LTFRB whistle-blower in contemptThe House committee on transportation yesterday cited in contempt Jefferson Tumbado for giving flip-flopping statements on his allegations of corruption at the Land Transportation Franchising and Regulatory Board, and had him detained for 10 days.
Read more »
Canada: Lawmakers targeted by China-linked disinformationThe Global Affairs department said in a statement it had 'detected a 'Spamouflage' campaign connected to the People's Republic of China.'
Read more »